U.S. Senate Agriculture Committee Approves Nomination of CFTC Chair Nominee Michael Selig
Summary
- The U.S. Senate Committee on Agriculture officially approved the nomination of Mike Selig, the Commodity Futures Trading Commission (CFTC) chair nominee.
- Selig will assume the role of new CFTC chair if he passes a Senate floor vote.
- Selig is expected to play an important role in clarifying regulations for digital assets, reorganizing virtual asset oversight, and coordinating DeFi (decentralized finance) policy.
The U.S. Senate Committee on Agriculture officially approved the nomination of Mike Selig, the Commodity Futures Trading Commission (CFTC) chair nominee. Selig will assume the role of the new CFTC chair if he passes a Senate floor vote.
On the 20th (local time), virtual asset (cryptocurrency) specialized media Cointelegraph reported that Selig currently serves as the senior legal counsel to the U.S. Securities and Exchange Commission (SEC) crypto asset task force.
At his confirmation hearing, he stated, "Virtual assets will be a major priority in the work I will undertake," expressing his intent to make clarification of digital asset regulation his top priority.
If the Senate floor vote passes, Selig is expected to play an important role in reorganizing the CFTC's virtual asset oversight framework, regulating market structure, and coordinating DeFi (decentralized finance) policy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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